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London’s hardest hit post biggest gains

London’s house prices have increased by almost 60% since the depths of the recession, according to research by Lloyds Bank, which highlights values doubling in Waltham Forest and the City. Newham and Barking & Dagenham in east London, hit hardest in the recession, have seen the biggest increase in house prices in the last two years, up 32%. In 2009, Lloyds noted, the average price of a property in the capital was £362,641, while today values stand at £578,381.